Wonderful. Wonderful.
Our President Barack Obama today said that top executives at companies receiving financial assistance from the tax-payers cannot be paid more than $500,000 per annum.
A long overdue reform, if you ask us.

Obama ScrewsÂ
Greedy Execs
Folks, it’s the greedy and incompetent executives of Wall Street that have brought the country to its knees.
And these greedy and incompetent fellas are being paid richly for their failures.
Yet mindless of the destruction they have wrought around the world, these shameless executives continue to engage in irresponsible behavior - a new $50 million jet or lavish bonuses.
Financial institutions that have received tax-payer assistance under the U.S. Government’s TARP initiative include Citigroup (headed by Vikram Pandit), Bank of America, Goldman Sachs, AIG, JP Morgan Chase, WellsFargo and Morgan Stanley.
Here’s an excerpt from Obama’s address at the White House today:
We all need to take responsibility. And this includes executives at major financial firms who turned to the American people, hat in hand, when they were in trouble, even as they paid themselves customary lavish bonuses. As I said last week, this is the height of irresponsibility. It’s shameful. And that’s exactly the kind of disregard of the Continue reading »


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